Stock Overview - COASTAL - 12 June 2012

COASTAL ( 5071 : 1.91 ) : Take profit/Double top

Description

Resistance : 1.92
Support : 1.78

RSI of 54
RSI is on the rise

STOCHASTIC
It is due for a pullback

Comment
On the buy recommendation of 1/6/2012 at 1.76, we are now recommending to take profit as it may have been capped at the Double top of 1.92

Trading Strategy
Take profit

Source:Jupiter Securities Research 12 June 2012